Logistics & truck aggregation startup Ezytruk secures funding

The investment will help Ezytruk establish its commercial operations, invest in marketing and IoT development as well as in its organic growth strategy.J Vignesh | ET Bureau | January 20, 2017, 16:40 IST

The investment will help Ezytruk establish its commercial operations, invest in marketing and IoT development as well as in its organic growth strategy.

Established in November 2015, Ezytruk is a cloud based Software as a service (SaaS) application working on a pay-per-use model for both the carriers and shippers.

“With the support of our team and funding, Ezytruk intends to create an ecosystem bringing shippers (those who ship goods) and carriers (transporters who carry these goods) along with strategic OEM partners on a single connected platform built on the backbone of data-driven innovative solutions,” said Srikanth Maheswarappa, CEO, Ezytruk.

Ezytruk has also forged a partnership with Hindustan Petroleum Corporation Limited as a national aggregator of trucks, which brings financial benefits and cashless transactions to truckers for every litre of fuel fill with the usage of HPCL DriverTrackPlus card at their fuel stations across India.

In partnership with digital wallet providers, Ezytruk will enable cashless transactions to both the carriers and shippers. Ezytruk plans to setup transaction outlets for drivers across highways in India for cash deposits and withdrawals as per RBI norms.

“We are excited to invest in the growth of Ezytruk. We are certain the company is poised to change the landscape of logistics operations and bring about a disruption in the transportation marketplace,” said Ajith Nair.

In the last one year, Ezytruk has developed and tested the connected transportation platform with more than 100 trucks.